WEBSITE BSE:541445 NSE: WAA Inc. Year: 2009 Industry: Power Generation/Distribution
Last updated: 10:43
Waa Solar Ltd, together with its subsidiaries, engages in electric powered generation and transmission in India. The agency develops and operates a 10.25 MW solar power plant at Surendranagar, Gujarat; a 100 KWP solar power plant at Raja Bhoj airport in Bhopal; and a 10.42 MW solar power venture in Koppal, Karnataka. It also operates solar power initiatives of 4.00 MW in Mansa, Punjab; and Vadodara, Gujarat. The company incorporated in 2009 and is based in Vadodara, India. Waa Solar Ltd is a subsidiary of Madhav Power Pvt Ltd.
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Market Cap ₹68 Cr.
Stock P/E 17.3
P/B 0.4
Current Price ₹51
Book Value ₹ 141
Face Value 10
52W High ₹90.8
Dividend Yield 0%
52W Low ₹ 40.9
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 66 | 64 | 52 | 51 | 80 | 48 | 44 | 46 | 49 | 27 | 28 | |
| Other Income | 1 | 1 | 1 | 3 | 6 | 21 | 1 | 1 | 1 | 1 | 3 | |
| Total Income | 67 | 65 | 52 | 54 | 86 | 70 | 45 | 47 | 50 | 27 | 31 | |
| Total Expenditure | 20 | 22 | 8 | 10 | 19 | 19 | 8 | 11 | 14 | 9 | 18 | |
| Operating Profit | 46 | 43 | 44 | 44 | 66 | 50 | 38 | 36 | 36 | 19 | 13 | |
| Interest | 20 | 21 | 21 | 21 | 26 | 18 | 15 | 12 | 10 | 4 | 5 | |
| Depreciation | 15 | 16 | 24 | 18 | 33 | 20 | 16 | 16 | 16 | 9 | 4 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 11 | 6 | -1 | 5 | 7 | 13 | 7 | 8 | 10 | 6 | 4 | |
| Provision for Tax | 0 | 0 | 0 | 1 | 3 | 2 | 3 | 2 | 2 | 1 | 0 | |
| Profit After Tax | 11 | 6 | -1 | 4 | 4 | 10 | 4 | 6 | 8 | 5 | 4 | |
| Adjustments | -0 | -0 | -0 | -0 | 1 | 1 | 0 | 1 | 2 | 2 | 3 | |
| Profit After Adjustments | 11 | 6 | -1 | 4 | 4 | 11 | 4 | 7 | 10 | 7 | 7 | |
| Adjusted Earnings Per Share | 0 | 0 | 0 | 0 | 3.2 | 8.4 | 3.1 | 5.5 | 7.4 | 5 | 5.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | -15% | -10% | -8% |
| Operating Profit CAGR | -32% | -29% | -24% | -12% |
| PAT CAGR | -20% | -13% | -17% | -10% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -37% | 8% | 11% | NA% |
| ROE Average | 2% | 3% | 3% | 4% |
| ROCE Average | 3% | 5% | 6% | 7% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 81 | 109 | 64 | 118 | 149 | 162 | 165 | 172 | 180 | 182 | 187 |
| Minority's Interest | 16 | 9 | 9 | 9 | 33 | 24 | 18 | 19 | 19 | -1 | -1 |
| Borrowings | 301 | 156 | 149 | 169 | 210 | 131 | 114 | 94 | 73 | 47 | 123 |
| Other Non-Current Liabilities | 0 | 1 | 2 | 2 | 2 | 0 | 0 | 0 | -0 | 0 | 0 |
| Total Current Liabilities | 49 | 24 | 26 | 23 | 67 | 25 | 25 | 26 | 26 | 7 | 24 |
| Total Liabilities | 447 | 298 | 249 | 320 | 461 | 342 | 322 | 310 | 299 | 235 | 333 |
| Fixed Assets | 396 | 257 | 191 | 226 | 204 | 104 | 138 | 122 | 107 | 44 | 98 |
| Other Non-Current Assets | 3 | 26 | 40 | 43 | 152 | 123 | 82 | 87 | 88 | 97 | 118 |
| Total Current Assets | 48 | 15 | 19 | 51 | 104 | 115 | 101 | 101 | 104 | 93 | 116 |
| Total Assets | 447 | 298 | 249 | 320 | 461 | 342 | 322 | 310 | 299 | 235 | 333 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 28 | 6 | 5 | 5 | 6 | 42 | 37 | 14 | 15 | 20 | 19 |
| Cash Flow from Operating Activities | 47 | 52 | 42 | 40 | 106 | 25 | 34 | 31 | 37 | 15 | -5 |
| Cash Flow from Investing Activities | -194 | 98 | -18 | -34 | -133 | 76 | -18 | 1 | -1 | 51 | -63 |
| Cash Flow from Financing Activities | 124 | -151 | -24 | -6 | 63 | -106 | -39 | -31 | -31 | -67 | 86 |
| Net Cash Inflow / Outflow | -23 | -0 | 0 | 1 | 36 | -6 | -23 | 1 | 5 | -1 | 19 |
| Closing Cash & Cash Equivalent | 6 | 5 | 5 | 6 | 42 | 37 | 14 | 15 | 20 | 19 | 38 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 0 | 0 | 0 | 3.15 | 8.38 | 3.05 | 5.47 | 7.42 | 5 | 5.26 |
| CEPS(Rs) | 38.31 | 22.61 | 23.42 | 22.49 | 27.65 | 22.39 | 15.37 | 16.91 | 18.29 | 10.19 | 5.9 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0 | 0 | 0 | 0 | 112.22 | 121.78 | 124.25 | 129.72 | 135.83 | 137.3 | 140.99 |
| Core EBITDA Margin(%) | 69.16 | 65.49 | 84.62 | 81.26 | 75.76 | 60.15 | 82.89 | 76.54 | 72.25 | 68.12 | 36.65 |
| EBIT Margin(%) | 47.56 | 42.13 | 39.44 | 51.23 | 41.67 | 63.9 | 48.68 | 43.77 | 41.04 | 36.95 | 31.98 |
| Pre Tax Margin(%) | 17.4 | 9.72 | -1.94 | 9.49 | 8.59 | 25.95 | 14.77 | 18.08 | 20.54 | 21.93 | 13.95 |
| PAT Margin (%) | 17.2 | 9.6 | -2.33 | 7.64 | 4.58 | 21.04 | 9.06 | 13.7 | 16.93 | 17.01 | 13.83 |
| Cash Profit Margin (%) | 39.72 | 34.62 | 44.26 | 42.79 | 45.92 | 61.58 | 46.17 | 48.76 | 49.47 | 50.66 | 27.71 |
| ROA(%) | 3.12 | 1.64 | -0.44 | 1.38 | 0.94 | 2.53 | 1.21 | 1.99 | 2.73 | 1.7 | 1.38 |
| ROE(%) | 14.98 | 6.43 | -1.39 | 4.32 | 2.75 | 6.54 | 2.45 | 3.74 | 4.71 | 2.51 | 2.12 |
| ROCE(%) | 9.46 | 7.69 | 7.76 | 9.7 | 9.66 | 8.88 | 7.04 | 6.86 | 7.18 | 3.89 | 3.21 |
| Receivable days | 13.34 | 12.61 | 14.5 | 29.46 | 21.53 | 52.46 | 88.91 | 95.47 | 94.5 | 185.67 | 204.72 |
| Inventory Days | 2.68 | 4.55 | 6.69 | 8.15 | 5.07 | 6.83 | 7.75 | 14.05 | 13.45 | 25.04 | 0 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -884.98 | 0 | -287.71 | 249.78 |
| PER(x) | 0 | 0 | 0 | 0 | 4.45 | 1.01 | 14.98 | 7.43 | 4.99 | 22.95 | 12.26 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0.12 | 0.07 | 0.37 | 0.31 | 0.27 | 0.84 | 0.46 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 4.91 | 2.73 | 3.25 | 3.63 | 2.64 | 2.57 | 4.12 | 3.34 | 2.5 | 6.88 | 6.71 |
| EV/Core EBITDA(x) | 7.01 | 4.07 | 3.78 | 4.21 | 3.19 | 2.46 | 4.8 | 4.24 | 3.4 | 9.75 | 14.64 |
| Net Sales Growth(%) | 112.82 | -3.32 | -18.99 | -0.65 | 55.62 | -39.62 | -8.46 | 4.18 | 6.61 | -45.58 | 5.83 |
| EBIT Growth(%) | 72.48 | -14.36 | -24.18 | 29.07 | 26.57 | -7.4 | -30.27 | -6.32 | -0.05 | -51 | -8.41 |
| PAT Growth(%) | 110.84 | -46.06 | -119.7 | 425.31 | -6.67 | 177.1 | -60.6 | 57.56 | 31.8 | -45.32 | -13.99 |
| EPS Growth(%) | 0 | 0 | 0 | 0 | -17.02 | 165.81 | -63.57 | 79.17 | 35.59 | -32.63 | 5.16 |
| Debt/Equity(x) | 4.04 | 1.64 | 2.7 | 1.6 | 1.58 | 0.92 | 0.82 | 0.67 | 0.52 | 0.28 | 0.76 |
| Current Ratio(x) | 0.98 | 0.62 | 0.7 | 2.25 | 1.56 | 4.68 | 4.06 | 3.95 | 3.95 | 13.99 | 4.77 |
| Quick Ratio(x) | 0.96 | 0.58 | 0.66 | 2.19 | 1.55 | 4.64 | 4.02 | 3.85 | 3.91 | 13.59 | 4.77 |
| Interest Cover(x) | 1.58 | 1.3 | 0.95 | 1.23 | 1.26 | 1.68 | 1.44 | 1.7 | 2 | 2.46 | 1.77 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 12.62 | 13.31 | 2.22 | 2.13 | 1.9 | 0.33 | 1.66 |
| # | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 69.81 | 69.81 | 69.81 | 69.81 | 69.81 | 69.75 | 68.46 | 67.85 | 67.86 | 67.86 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 30.19 | 30.19 | 30.19 | 30.19 | 30.19 | 30.25 | 31.54 | 32.15 | 32.14 | 32.14 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.46 | 0.93 | 0.93 | 0.93 | 0.93 | 0.93 | 0.91 | 0.9 | 0.9 | 0.9 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.2 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.42 | 0.43 | 0.43 | 0.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.66 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 | 1.33 |
* The pros and cons are machine generated.
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